European Private Market Update
VRC’s latest research into the European private markets reveals a narrowing trend in coupon spreads for loans amid intensifying competition, prompting a 25 bps reduction in fairway credit spread ranges, impacting yields and signaling shifts in deal dynamics for 2024.
2024 Deals Outlook and Valuation Trends
In the year ahead, expectations are for transformative deals by increased cross-border activity, a positive private equity outlook, ESG considerations, global tax changes, and more.
Navigating the Choppy Waters of Private Equity
When looking at 2023’s PE landscape, the turbulence is clear. In exploring key trends, challenges and strategic shifts, we note that industry players are resiliently charting a course forward.
Continuation Funds: Valuation and Fairness Opinion Considerations
A review of the continuation fund market and a growing consensus that fairness opinions are necessary best practice for the health of the market. Plus, the SEC may be requiring them soon.
Magdalena Keller
Tom Gottfried
How Fairness Opinions Help Private Equity Sponsors Head Off Family Feuds
Related-party transactions between PE funds and their portfolio companies are fraught with the potential to create issues between limited partners. Fairness opinions can forestall such conflicts.
Private Equity & Debt Capital Markets Adjust to the New Normal
As we head into Q4 2020, the new normal in private capital markets has fully set in, generally defined by prudence and caution, albeit a work in progress.
Sarit Rapport
Leveraging MSO Structures To Infuse PE Investment In Physician Practices
Private equity investor interest in the physician practice sector has been gaining steady momentum.
Lucy Lee
How to Win Your Fantasy Football League? Use Valuation Methodologies!
Want to crush your fantasy football championship? Take a page out of a valuation professional’s playbook.
Charles Paraboschi
Valuation Takeaways From Market Volatility Spikes
Market volatility spikes prompt considerations of appropriate methodologies for factoring market indications into valuations and reflection on when “smoothing” techniques should be employed.
Podcast: Tax Reform’s Impact on Valuation
Nearly a year since the Tax Cuts and Jobs Act was signed, there are still a number of questions about how to apply the new law but some areas, such as valuation, are beginning to get some clarity.
Financial Sponsor: Private Equity
A technology company was purchased by large private equity investor. With the purchase price set, the new entity was capitalized with debt and three different types of equity securities.
Steven Schuetz
Caroline Puiggali
Kevin Meyers
Justin Johnson
Paul Hultgren
Scott Crockett
John Bintz
Technology
A private equity sponsored cloud based provider of manager content, enterprise lending services granted certain management incentive units to participating executives, as compensation to incentivize management performance.
Financial Sponsor: Hedge Fund
A shareholder of a closely-held hedge fund was not receiving the appropriate level of compensation per agreement with the controlling interest shareholder.
Valuing Carried Interests
The asymmetric nature of carried interests requires the consideration of a range of scenarios.